Does having an internshp effect salary ?

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Answer to the question

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written insight 1

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written insight 2

Salary at a glance

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Year v Salary

Region v salary

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Salary v Ethnicity and Gender

Salary v Primary Major

Salary v. Internships

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Salary v. Number of Internships

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Salary by Major and Number of Internships

Regression Model Analysis

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Regression results


Call:
lm(formula = survey_salary ~ year.x + GPA.Range + major1 + major2 + 
    survey_plans + Gender + IPEDS.Race.Ethnicity + latin_honors + 
    `Combined Bacc and Masters` + Region, data = data)

Residuals:
   Min     1Q Median     3Q    Max 
-43096  -3960    219   3259 111338 

Coefficients:
                                                 Estimate  Std. Error t value
(Intercept)                                   -1310310.15   467475.42  -2.803
year.x                                             675.81      231.42   2.920
GPA.Range2.50 - 2.99                              1456.98     1660.20   0.878
GPA.Range3.00 - 3.49                              3317.37     1593.12   2.082
GPA.Range3.50 - 4.00                              3532.35     1959.16   1.803
major1Business Analytics                          6527.71     1450.08   4.502
major1Business Economics                          2673.83      964.61   2.772
major1Finance                                     2888.03      633.70   4.557
major1Human Capital Mgmt & Leadership            -4159.80     1002.74  -4.148
major1Information Systems                         7026.60     1014.55   6.926
major1Marketing                                  -5919.36      659.45  -8.976
major1Supply Chain & Operations Mgmt              -940.09      848.16  -1.108
major2                                            1286.86      744.29   1.729
survey_plansaccepted parttime job                -4459.54     1959.38  -2.276
survey_planscontinuing education                    75.90      976.45   0.078
survey_plansmilitary service                      -677.23     2669.19  -0.254
survey_plansnot seeking employment                 519.61     3131.49   0.166
survey_plansother                                  803.32     2074.01   0.387
survey_plansseeking continuing education           288.83     1879.33   0.154
survey_plansseeking employment                     418.72      707.53   0.592
survey_plansself employed                        -2611.60     9097.91  -0.287
GenderMale                                          20.12      404.05   0.050
IPEDS.Race.EthnicityAsian                          126.86     4679.82   0.027
IPEDS.Race.EthnicityBlack or African American     2282.13     4856.18   0.470
IPEDS.Race.EthnicityHispanic/Latino               -765.17     4623.51  -0.165
IPEDS.Race.EthnicityMulti Racial                 -1086.01     4681.42  -0.232
IPEDS.Race.EthnicityNon-Resident Alien           -1153.87     4619.27  -0.250
IPEDS.Race.EthnicityUnknown                       4079.04     5877.95   0.694
IPEDS.Race.EthnicityWhite                        -1371.20     4557.12  -0.301
latin_honors                                      2900.81     1159.81   2.501
`Combined Bacc and Masters`                       -553.63      919.54  -0.602
RegionNortheast                                   2914.19      802.73   3.630
RegionSouth                                       -101.75      872.08  -0.117
RegionUnknown                                      185.08      533.05   0.347
RegionWest                                        4331.18     1075.13   4.029
                                                          Pr(>|t|)    
(Intercept)                                               0.005104 ** 
year.x                                                    0.003530 ** 
GPA.Range2.50 - 2.99                                      0.380251    
GPA.Range3.00 - 3.49                                      0.037419 *  
GPA.Range3.50 - 4.00                                      0.071512 .  
major1Business Analytics                          0.00000706270134 ***
major1Business Economics                                  0.005615 ** 
major1Finance                                     0.00000543573583 ***
major1Human Capital Mgmt & Leadership             0.00003462833363 ***
major1Information Systems                         0.00000000000553 ***
major1Marketing                               < 0.0000000000000002 ***
major1Supply Chain & Operations Mgmt                      0.267808    
major2                                                    0.083940 .  
survey_plansaccepted parttime job                         0.022933 *  
survey_planscontinuing education                          0.938046    
survey_plansmilitary service                              0.799734    
survey_plansnot seeking employment                        0.868226    
survey_plansother                                         0.698549    
survey_plansseeking continuing education                  0.877868    
survey_plansseeking employment                            0.554035    
survey_plansself employed                                 0.774095    
GenderMale                                                0.960295    
IPEDS.Race.EthnicityAsian                                 0.978376    
IPEDS.Race.EthnicityBlack or African American             0.638438    
IPEDS.Race.EthnicityHispanic/Latino                       0.868568    
IPEDS.Race.EthnicityMulti Racial                          0.816571    
IPEDS.Race.EthnicityNon-Resident Alien                    0.802767    
IPEDS.Race.EthnicityUnknown                               0.487776    
IPEDS.Race.EthnicityWhite                                 0.763523    
latin_honors                                              0.012446 *  
`Combined Bacc and Masters`                               0.547185    
RegionNortheast                                           0.000289 ***
RegionSouth                                               0.907128    
RegionUnknown                                             0.728468    
RegionWest                                        0.00005785875039 ***
---
Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Residual standard error: 9072 on 2426 degrees of freedom
Multiple R-squared:  0.212, Adjusted R-squared:  0.2009 
F-statistic: 19.19 on 34 and 2426 DF,  p-value: < 0.00000000000000022

Call:
lm(formula = survey_salary ~ year.x + GPA.Range + major1 + major2 + 
    survey_plans + Gender + IPEDS.Race.Ethnicity + latin_honors + 
    `Combined Bacc and Masters` + Region + survey_internships, 
    data = data)

Residuals:
   Min     1Q Median     3Q    Max 
-43870  -4267     45   3629 110536 

Coefficients:
                                                 Estimate  Std. Error t value
(Intercept)                                   -1425443.09   463515.37  -3.075
year.x                                             733.49      229.47   3.196
GPA.Range2.50 - 2.99                              1918.02     1645.77   1.165
GPA.Range3.00 - 3.49                              3573.57     1578.82   2.263
GPA.Range3.50 - 4.00                              3646.06     1940.90   1.879
major1Business Analytics                          6139.77     1437.27   4.272
major1Business Economics                          2500.51      955.80   2.616
major1Finance                                     2497.61      630.66   3.960
major1Human Capital Mgmt & Leadership            -4248.20      994.02  -4.274
major1Information Systems                         6763.00     1005.27   6.728
major1Marketing                                  -6268.86      655.72  -9.560
major1Supply Chain & Operations Mgmt              -950.53      841.08  -1.130
major2                                             954.71      738.69   1.292
survey_plansaccepted parttime job                -3950.44     1942.82  -2.033
survey_planscontinuing education                   614.48      973.65   0.631
survey_plansmilitary service                      1072.76     2658.60   0.404
survey_plansnot seeking employment                1608.58     3110.87   0.517
survey_plansother                                 1643.04     2057.78   0.798
survey_plansseeking continuing education           507.65     1861.36   0.273
survey_plansseeking employment                     927.51      704.29   1.317
survey_plansself employed                        -3432.90     9009.47  -0.381
GenderMale                                          41.63      400.33   0.104
IPEDS.Race.EthnicityAsian                           66.51     4634.48   0.014
IPEDS.Race.EthnicityBlack or African American     1602.93     4810.29   0.333
IPEDS.Race.EthnicityHispanic/Latino              -1125.92     4579.00  -0.246
IPEDS.Race.EthnicityMulti Racial                 -1480.09     4636.03  -0.319
IPEDS.Race.EthnicityNon-Resident Alien           -1048.89     4573.85  -0.229
IPEDS.Race.EthnicityUnknown                       2886.54     5822.88   0.496
IPEDS.Race.EthnicityWhite                        -1778.75     4513.37  -0.394
latin_honors                                      2884.18     1148.46   2.511
`Combined Bacc and Masters`                       -514.90      910.51  -0.566
RegionNortheast                                   2870.18      794.87   3.611
RegionSouth                                        -46.79      863.54  -0.054
RegionUnknown                                      232.25      527.87   0.440
RegionWest                                        4511.63     1064.87   4.237
survey_internshipsNone                           -3983.08      691.90  -5.757
survey_internshipsOne                            -2164.51      397.12  -5.451
                                                          Pr(>|t|)    
(Intercept)                                               0.002126 ** 
year.x                                                    0.001409 ** 
GPA.Range2.50 - 2.99                                      0.243963    
GPA.Range3.00 - 3.49                                      0.023696 *  
GPA.Range3.50 - 4.00                                      0.060427 .  
major1Business Analytics                           0.0000201352872 ***
major1Business Economics                                  0.008948 ** 
major1Finance                                      0.0000770133284 ***
major1Human Capital Mgmt & Leadership              0.0000199618811 ***
major1Information Systems                          0.0000000000215 ***
major1Marketing                               < 0.0000000000000002 ***
major1Supply Chain & Operations Mgmt                      0.258532    
major2                                                    0.196330    
survey_plansaccepted parttime job                         0.042126 *  
survey_planscontinuing education                          0.528031    
survey_plansmilitary service                              0.686613    
survey_plansnot seeking employment                        0.605146    
survey_plansother                                         0.424686    
survey_plansseeking continuing education                  0.785082    
survey_plansseeking employment                            0.187981    
survey_plansself employed                                 0.703212    
GenderMale                                                0.917195    
IPEDS.Race.EthnicityAsian                                 0.988551    
IPEDS.Race.EthnicityBlack or African American             0.738991    
IPEDS.Race.EthnicityHispanic/Latino                       0.805790    
IPEDS.Race.EthnicityMulti Racial                          0.749558    
IPEDS.Race.EthnicityNon-Resident Alien                    0.818637    
IPEDS.Race.EthnicityUnknown                               0.620134    
IPEDS.Race.EthnicityWhite                                 0.693538    
latin_honors                                              0.012092 *  
`Combined Bacc and Masters`                               0.571782    
RegionNortheast                                           0.000311 ***
RegionSouth                                               0.956794    
RegionUnknown                                             0.659993    
RegionWest                                         0.0000235201777 ***
survey_internshipsNone                             0.0000000096581 ***
survey_internshipsOne                              0.0000000552869 ***
---
Signif. codes:  0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1

Residual standard error: 8982 on 2424 degrees of freedom
Multiple R-squared:  0.228, Adjusted R-squared:  0.2166 
F-statistic: 19.89 on 36 and 2424 DF,  p-value: < 0.00000000000000022

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Interpretation

conclusion